LONDON, (Reuters) – The European discount retailer brand PEPCO, Poundland, and Dealz was able to report a 17.5% rise in its first half revenue thanks to new store openings.

Last May, the Warsaw stock exchange listed the company. The group opened 192 new shops, bringing the total revenue to 3.696 stores in 17 different countries.

The company reported that like-for–like sales increased by 5.3%. It was driven by 12.1% second-quarter growth.

Pepco expects first half core earnings (EBITDA), to be in the range 342 million Euros to 350 Million Euros.

The group stated, “Within the limits of this range the group continues to meet guidance for full year in the face of any further significant macroenvironmental deterioration.”

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